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a gun laws is getting more pronounced. >> thanks very much from washington. will the german economy continued to slow? more on that later in this program. >> first, here's a look at some other stories making news. >> russian court has denied a request for leniency from a member of the punk band pussy riot. one member has sought a deferral of her presence sentence until her 5-year-old son turns 14. she was convicted of hooliganism after a protest during services in moscow church. >> the taliban have claimed responsibility for a suicide attack targeting the afghan intelligence agency. officials said two guards were killed when the bomber who blew up his car in front of the country's headquarters -- the interior ministry says security forces shot dead four other attackers. >> in iraq, more than 30 people have been killed in a series of attacks that appear to have targeted kurds. two car bombs exploded. one of them blew up outside a kurdish political party office. a third in a nearby town. >> the two biggest airlines have found their entire fleets of boeing 7873liner -- 787 dreamliners.
's happening in the political world and the economy which we're in. the situation with the gun violence is very close to home, because i do enjoy -- even though i'm 60, i still go out and hunt and shoot a deer and kill a turkey to eat. host: thank you very much. by the way, the full presentation by the president yesterday, you can certainly watch atlanta cspan.org. good morning, what kind of work do you do? caller: i'm in the mental health field. each level of the patients have had different mental health issues. and i have really been waiting for this issue to come up, because that's what concerns me the most. i have worked with people that have multiple personalities. we have been scared to death. they pick beds up. they have tremendous anger in there. i don't think they get the proper care that they need. and after a while, they're released and that is something that i'm really concerned with. it's not about who is able to get a gun, who is able to have a gun. that's not the issue right here. the issue is that we have to start dealing with people with mental health issues. i have worked in a
in unemployment, and strength in manufacturing, has the u.s. economy has finally turned a corner? >> susie: and messy earnings news from two giant banks: a big earnings miss from citigroup, and a big earnings drop at bank of america. investors dump the stocks. >> tom: that and more tonight on "n.b.r."! >> susie: hundreds of flights were canceled today and airlines rushed to make back-up plans after regulators around the world grounded boeing's 787 dreamliner. those actions came after the federal aviation association ordered the plane out of the air after two incidents where lithium ion batteries overheated. boeing says it is confident the 787 is safe and says it stands behind the plane's overall integrity. this is only the second time in more than 30 years that regulators have grounded a plane. darren gersh reports. >> reporter: boeing has spent more than $30 billion developing the 787 dreamliner. one reason for the high cost is boeing's decision to upgrade the hydraulics and other mechanical systems with next-generation technology that runs on electricity. >> you've got generators on boar
and our economy. and finally, reform that recognizes the need for safety and security on our boarder and in our communities. with democrats and republicans recognizing the moral, economic and political imperative to create a 21st century immigration process, the 113th congress marks the best opportunity for broad immigration reform in nearly a decade. but for legislation to pass, it will take leadership. leadership from the administration, from congress and from faith, law enforcement or and business leaders at all levels. in each case the leadership that is needed must be strategic, disciplined and unified. our speakers today are exactly that; streej i disciplined and unified. our unity of purpose comes from the common crisis facing families and businesses in our midst and cuts across professional sectors, geographic regions, political stripes and religious beliefs. our consensus lies in a common belief that all americans prosper when we welcome immigrants and empower them to participate fully in our society. we have a broad, a range of speakers today from these three constituencies
on the gun control laws they haven't been busy working on the economy. they have also been busy demonizing their opponent. take a listen to president obama and his tone today at the press conference on gun control. >> this will be difficult. they will warn of ta tyrannical all-assault on liberty. not because it's true but they want to gin up fear for higher ratings or revenue for themselves. make sure nothing changes whatsoever. >> andrea: all right. so that was a little tasteless at a press conference like that. the economy is hurting. i want to read a couple of headlines on the economy to give you pause while the fun debate is going on. one, ranks of working poor is increasing. workers are raiding the funds to pay the bills. thaw may downgrade the united states. greg, does he not want to deal with this? >> greg: this is a real issue. this speaks to two different cultures in the united states. it's a prescription of xanax. you can have your gun, protection and security. lefties like john stewart paint gun owners as paranoid, the same time on sunday that bob schieffer likens obama's battle
demonizing the banks. they've not destroyed the world's economy for over four years. the attacks keep coming. hsbc targeted bay justice department witch hunt over a few minor infractions. >> hsbc admitted today that it covered up illegal transactions for burma, iran, sudan, cuba and libya. those nations were under banking sanctions because of human rights atrocities, terrorism or in iran's case, a nuclear program. >> stephen: big deal. [ laughter ] it's not like hsbc was the one enriching plutonium, they were just enriching themselves. there's just one other thing. >> it laundered more than $800 million for mexican drug cartels. >> hundreds of thousands of u.s. dollars daily deposited to hsbc mexico using boxes specially made to fit through tellers windows to speed transactions. >> stephen: okay, but how was hsbc supposed to know the big specially made boxes the cartels were dropping off were full of drug money? they could have just as easily been filled with human heads. [ laughter ] turns out it was drug money and once they were caught, hsbc was slammed with a $1.9 billion fine. $1.9 billi
stronger in the second half. >> for the economy? i think we have to divorce the economy from the market. >> have we been price thatting that out? >> we have to be clear that markets are totally different from the economy. for the markets, we're looking at 2% scenario. scenario a would be similar to 2012 where i think actually the economy doesn't do that well. the first half is difficult. second half is a bit better. we've still got the fed printing 5 billion a month. we could see a rerun of 2012. maybe mid to single high digit returns. >> did you get exposure of citi to bofa here? >> we wouldn't be. we're taking a little bit of money off the table or indeed i think we did. the level of implied volatility makes perfect sense here. >> we'll leave it here for now. thanks very much. over to you, ross. >> kelly, thanks for that. so we are just about an hour and 20 minutes into the trading day here in europe. you can see advancers just about outpace decliners by a ratio of 6 to 4 and we're up near the high point of the session which has dragged us back into prospect on that particular indices
including leadership quite honestly, larry, on the economy because a bad economy, unfortunately, doesn't give us the resources we need to allow for better interventions, let's say in mental health. let's look at a fellow democrat, the democrat from colorado who came out with a proposal to stream line their processes for identifying people who may be dangerous to themselves and others and also bolster mental health measures and initiatives. >> lars larson you're going to pose everything. what do you want? >> here's the problem. the president shamelessly surrounds himself with children and used them as props. ben seems uninformed on this. this young man didn't buy his firearm. he stole it from his mother after murdering his mother. the president's proposed bill to congress to ban the manufacture and sale of new sporting rifles, semiautomatic rifles and large capacity magazines wouldn't have done a darn thing to stop sandy hook or aurora, colorado. it would have done nothing. >> let me ask you this. if it were in effect -- now i don't even know, there's issues about pistol grips and there
having different task force for the visa according to the economy? >> there has to be away -- a lot of our laws date back to the 1950's. some to the 1960's. there has to be a way of bringing it up to date. those are things that will have to be negotiated. all be just say it can't managed by a central system in washington where washington decides how many nurses we need, how many farm workers. business will have to play a role and business will have to be the determining factor in order to make this work in a practical way. >> think for a man and that 10,000 people a day retire in the united states, seven days a week. we are a nation with unemployment and with a shortage of people that go to work at specific jobs. the secretary's point is on target. if you try to do this with an overseer of exactly how many left-handed nurses and right- handed carpenters get into the added states, we are doing the wrong thing. we need to do it on demand. if we have an extraordinary need to be competitive, and many, because of the price of energy and the fact the country is probably will have and have
, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is no accident that new jobs are being created every day. they were created by the efforts of the german people, but they were also created by this governing coalition from >> but the opposition social democrats promptly pounced on the economics minister's claims. >> if you had anything to do with economic growth, then you have heard growth even more than you have hurt your own party's election results. >> the man who hopes to take chancellor merkel's job later this year accused her of failing to recognize the dangers of an unrestrained financial system. >> for too long, the government has tried to pretend it is all just a debt crisis of other individual countries, but that is only part of the story. now the truth is going to hit you in german taxpayers where it hurts. >> merkel and her cabinet are now hoping ec
to the strength of the global economy no, airline can afford to cancel an order with boeing. airbus sold out for years. and you can't get back in the queue if you cancel. you will be stuck with older, less fuel efficient planes to deal with a higher priced oil environment when you can fill every seat have you and then some. boeing, the single greatest short of our lifetime, frankly, actually rallied 92 cents today. a bear's worst nightmare, which, of course, is there for the single best possible dream. for a bull. now, let's extrapolate the story. we were suppose supposed to have a horrendous, hideous economy. those guys real downers. why? washington gridlocked, confidence down, horrible down there. president, republicans, care less about the economy. supposed to be crushed, absolutely annihilated about worries of the upcoming debt ceiling and laid to waste by the end of the tax holiday. rich people stopped dead in their tracks by new tax hikes. one so steep we were supposed to switch to peanut butter and jelly sandwiches rather than dining at three-star restaurants. pass the skippy, keep th
of the issues, regulatory issues and housing was really good today. the economy is feeling better and investors aren't feeling bad. earnings numbers pretty solid so people are voting with their dollars right now. things are positive. >> for how much longer, mike? you have to admit, a pretty good run for a while now. are we due for a pullback of some kind? >> due for a rest or a pullback, would i say, but i don't think it's anything that looks like it has to be too dangerous. in addition to all the things michael is talking about, the market's refusal to go down when everybody else is saying it's overbought, probably contributed to the fact that we have this give up move higher. chatter today that maybe the republicans won't go down to the wire and contest the debt ceiling increase. all these things have swept away a lot of nagging concerns and the next thing to worry about is people don't know exactly what the next thing to worry about s is. >> let's turn it over to you. what are you expecting throughout the rest of this earnings season. we haven't had any major blowoffs, but we're not talking
could hurt the u.s. economy. >> susie: and from chipotle to dunkin' donuts, did fast food chains meet investors' appetites for big returns? we're talking food stocks. >> tom: that and more tonight on "n.b.r."! >> tom: we begin with banking. two giant financial powerhouses reported big gains in fourth quarter earnings today. j.p. morgan chase booked its third straight year of record profits. and goldman sachs reported fourth quarter earnings that were almost triple the same period a week ago. erika miller reports. >> reporter: before we get to jp morgan's profits, let's talk about the earnings of it's c.e.o., jamie dimon. the board cut his pay in half as punishment for a more than $6 billion loss at j.p. morgan's london trading desk. but dimon will still pocket a $10 million bonus. add on $1.5 million in salary, and his total compensation was $11.5 million last year. >> we don't think it's inappropriate, what the board did. butt the end of the day jamie dimon is stl doing pretty well for himself. he's not exactly living out of a refrigerator box on park avenue. >> reporter: at the same
't want to happen on your watch because it's only sidetracked economy. so the president has an incentive to come to the table and tried to get the issue under control. and you have the republicans issue which part of the republican dna, fiscal responsibility, balanced budgets, trying to get the deficit under control. most of the people have been elected in the last few years have been elected basically on the fiscal policy agenda coming out of a coming out of the tea party initiative. so that you have an identity of interest. the question really becomes the politics of getting people to go across the aisle to reach agreement. and i don't think the house can do it very honestly. because the fact so many seats in house now are gerrymandered by party. and the one thing that happens in those districts, about 65% of the house is now gerrymandered by party, when you're elected your elected by the base. you win the primary you are the congressperson. the one thing you can't do with your base is compromised. that's the one thing the base won't tolerate, on both sides. you can't govern because go
and the economy in general. and about the market. let's start with the news, the market had a great day today. the s&p 500 close to or at a five-year high right now. why is the market doing so well even though the economy is still kind of in a slow move? >> david, nobody can explain the day-to-day moves in the market anmatter how hard we try. the market discounts well in advance of what we mere morals are able to do for my day-to-day. other days you're not sure why. i would be hazarding a guess, i don't know why. david: a lot of people have speculated about this from the "wall street journal" and others that it is the contention in the specific intention of the federal reserve over the past year or so to pump up the market. is that true? >> certainly this is in effect have a much lower interest rates. you can do the math, historically low rates for corporations in america public or private, large or small. medium-sized. have a very small balance sheets, redoing the balance sheet, reposition their debt at much lower prices. it'd just get some clarity as you know, a little more clarity, a lot m
these states have the same epiphany or the same realization that there's only way to get the local economies going and that would be to change their taxes? >> well, i would tell you, charles, we have all looked at the economy that we're competing in, which is worldwide, and we know we need to be more tax competitive. i want to create more jobs in this state, our state, for citizens and higher paying jobs and the way to do that is to have lower income tax rates and corporate rates and in our particular case, i'm proposing the complete elimination of the income tax and the corporate tax rate. we do that by repealing some of the sales tax exemptions that we've granted over the years, we need a modern, simpler and fairer tax code. charles: i'm going to get to the fair issue in a moment, governor. but the basic premise that somehow this will spark the economy, obviously everyone doesn't believe that or that would be the program now. why would someone in your state who is worried about this, how do you convince him that this will indeed help the overall economy? >> well, i'm going to talk to him a
is up 5,550 points since then, just shy of the 14,000 mark. the economy is growing. instead of contracting. in the first quarter of 2009, the gdp contracted 5.3%. it grew 3.1% when the last time it was officially measured. though remains below where it was before the great recession, consumer confidence has nearly doubled. and a larger percentage of americans, 41%, according to our last poll, believe the country is headed in the right direction, up from 26% in january, 2009. on the other hand, there is plenty of data to support the idea that the drink country is not better off than it was four years ago. and that the struggling economy continues to take a toll on families. median household income is lower than it was in 2009. and 46 million americans live below the poverty line. several million more than four years ago. the federal public debt has increased from 10.6 trillion in january 2009 to 16.4 trillion now. then there's the big number that's exactly the same as it was four years ago. the unemployment rate. 7.8%. though it's down from, of course, a high of 10% in octobe
it. >> so much for that election day euphoria... >> the economy has now lost 650,000 jobs just in the past three months... >> all eyes are now on barack obama to turn it around... >> narrator: the cascade of bad news began with the economy. >> fear swept through the markets... >> he had to start thinking about this the day after he was elected. >> this was the most eventful and consequential presidential transition in american history. >> we were all worried about what we were seeing. we knew that the credit system was pretty quickly headed towards something that looked a lot like seizure. >> narrator: the president-elect was told that in the two months since lehman brothers crashed, the panic on wall street had only gotten worse. >> what we were facing was something that, really, he had never contemplated, never experienced. >> narrator: unemploymenwas nearly seven percent and climbing. the stock market was down more than 6,000 points. >> there was a growing sense of calamity. this could be the most climactic economic crisis in all of american history, that we were that close
the way the move freight that fuels our economy. map 21 streamlines and consolidates programs and map 21 helps to shorten project delivery a priority for president obama and congress. when we deliver projects faster, when we deliver their benefits faster. like enhancing safety, less congestion and a cleaner environment. the project delivery improvement included in map 21 based on an innovative -- innovation initiative known as everyday counts. they took it from you, victor. you've done a great job with every day that counts. let's hear it for decter menendez and what he has done and what his team has done. thank you, victor. [applause] the concept behind everyday counts is the same as this year's thp. better, faster and smarter. finally map 21 helps us keep our transportation system safe. this law gives the department for the first time oversight over transit safety. again, a big thanks goes to peter rogoff. in the train crash your and 10, peter and i decided that we would commit ourselves to getting the department of transportation into the transit safety business and thanks to all of h
, growthing -- growing faster than the economy. we have to fix the social security system making promises that are bigger than which we can pay out down the road. .. but he recognizes the threat it putouts there in the economy in that you can't possibly imagine the real growth coming without a sense of stability. the with coming from knowing what these changes will be so you could have planning investments, job creation, all the necessary pieces of moving the economy forward. the big wild card is when people are going to make these tough choices instead of using them to fight in the normal political boxes. what is going to happen next? it's on a different path than i would have thought. if you think about the prospect theory which basically says when you're delivering good news you want to do it in lots of little pieces if they got a promotion than you want to tell them they got a raise and then tell them they got a bigger office. each piece of big news is good and makes people happier. if you were doing bad use and waiting for an airline that is going to be delayed. i think it really app
the last three or four years, maybe with the economy, things are doing a lot more work without a permit and it annoys me when i hear a contractor didn't get a permit. they are licensed contractors and know for this type of work particularly. there is a loot of investigation time that goes into this and they are not big-money permits so to speak. but we are bound by city charter to investigate the complaints. there are -- to answer your question, we don't keep a list, but contractors should know about and advise homeowners when this happens. i saw they applied for another permit to legalize some rooms on the ground floor which is not part of the violation and there seems to be a contractor in place on that permit and that permit has not been issued yet. i noticed that before i came up to the meeting. >> what is the name of that contractor? >> homeworks construction service, one bedroom and bathroom at ground floor. that permit has not been issued and still has to be reviewed by the planning department. it will probably be an over-the-counter permit, but there seems like there is some
's. one that is falling behind; and an economy that is growing. it we are looking at 40 percent of the juniors not ready to graduate in a years time, that is a serious problem that we need to address. i believe that these folks -- that is part of the generation that will not be successful in our local economy and we have to make sure that we are supporting san franciscans in this way, making sure people have the skills in the background to get jobs in the future and if we are not successful here we know that they will fall behind the cracks. it's really a no-brainer. we have a lot of wealth in the city. not everybody shares it equally and this is one way we can remedy that. colleagues i hope that you can support the supplemental. >> supervisor wiener. >> supervisor wiener: my position is the same as it was in december when we voted on this. i won't repeat all of those reasons. although the fiscal cliff catastrophe was avoided at least for the moment we still have significant risks at the state and federal level and i am not comfortable appropriating from our arguably inadequa
system. but we know that we can't always just lead with the environment. we have to lead with the economy as well. and currently sustainability in our implementation programs is really falls under requirements or]xjp[tÑ incentives. what we'd like to do is evaluate some financing mechanisms that bring that back into implementing sustainable development projects that strengthen the city's economic base, and as well as create good partnerships on the private sector side. and recognizing that growth in and of itself -- urban growth is good for the environment. we know that. indeed our adopted plans focus on growth in areas well served by transit and create density that fosters community development but growth in and of itself is no longer good enough and development has to help us meet these goals. so our final objective is to create a clear path toward sustainable development. we will -- in return we will help identify what the private sector will take with this work thereby opening opportunities for stronger public-private partnerships. so how are we going to make this work. we are looking
countries. why this site specifically? it is about gas and oil, that is the backbone of the economy and of course that is of great interest for the europeans who import from algeria. melissa: why attack in algeria for what is happening in molly? you can see they are neighbors, but why would this be the best way to make a statement, do you think? >> algeria has opened its airspace between friends in the north and the train into mali. it aided france in attacking al qaeda in mali. this is a lesson, a revenge against algeria to stop them from along the french across into mali. melissa: what is our role, what is the proper response for us? there are americans involved among the hostages, we have a drone overhead but it is limited given the algerian military is on-site. what can america do and what should we do? >> that is things we cannot talk about what the government will not talk about. obviously a special mission is being prepared that would emerge if they're executed, but let's be clear, the lead is the algerians. they are on the ground surrounding the flight. some hostages have be
time, their workers but that comes with a cost to the whole economy, making it less dynamic, less easy for businesses to hire more workers and at a time when we have 8% unemployment, that's not something that a lot of businesses can afford. >> now, a lot of those same union leaders say, you get what you pay for, and there are offering cut raitt salaries to workers who might appreciate the jobs, but in the end, aren't going to be very happy in those jobs. what do you think? >> i think overall people are gibbing to see that unions are out to help union worker but very often at the expense of nonunion works and that's where we're getting in trouble. the american public at large is overwhelmingly moving sort of -- public support is moving against unions, gallup found that 42% would like to see unions be less influential. they feel at if there are negotiations going on for union workers but they come at a cost for all workers, creating less opportunity for all workers and for the economy at large. what is the message. you say lab you wins every time. unions say, cheaper labor has a cos
. >>> onto the debt ceiling. the deadline approaching so it washington on the verge of killing an economy that many people think is actually experiencing a very nice little rebound? we're going to ask loan ceo jim tisch when "power lunch" returns. ♪ [ male announcer ] how do you turn an entrepreneur's dream... ♪ into a scooter that talks to the cloud? ♪ or turn 30-million artifacts... ♪ into a high-tech masterpiece? ♪ whatever your business challenge, dell has the technology and services to help you solve it. >>> four days before the inauguration the latest nbc wall street journal poll is out with the breaking news. john harwood in washington. john? >> tyler, we've just got one question. the full poll comes out tonight but this shows you some of the difficulty president obama is going to face with this gun control issue he's pursuing. look at the public image of the national rifle association. it shows you it's a pretty tough target. at three different decision points after tragedies, columbine they had a net negative rating. at the giffords shooting it was better in early 2011
: and the federal reserve's latest snapshot of the u.s. economy isn't picture perfect, but it is positive. today's beige book report showed signs of solid overall economic growth. each of the fed's 12 districts showed either "moderate" or "modest" growth, steady or expanding real estate activity, and some growth in consumer spending from december through the first week of january. but the fed noted job market conditions didn't change much. one reason companies are cautious about hiring, is they are worried about fiscal uncertainty in the u.s. and that uncertainty is growing as some republicans in washington argue for a narrow definition of what it means for the government to default. skipping payments on government bonds would be a default they say. but skipping payments for other government services wouldn't be. this debate could have real consequences, as darren gersh explains. >> reporter: next month, the u.s. government will owe $38 billion in interest payments on the debt it's sold to investors here and overseas. but the u.s. government will take in about $210 billion in tax revenues in feb
president obama took office four years ago, the economy was getting smaller. now it is growing. nbc's first read team tries to answer the question -- are we better off now than we were four years ago? they answer it with numbers and not just, you know, gut reaction to things. the numbers. >>> and happy birthday to the first lady and that by the way is just one of the things we thought you should know. hey sis, it's so great to see you. you, too! oh, cloudy glasses. you didn't have to come over! actually, honey, i think i did... oh? you did? whoa, ladies, easy. hi. cascade kitchen counselor. we can help avoid this with cascade complete pacs. see, over time, cascade complete pacs fight film buildup two times better than finish quantum. to help leave glasses sparkling shiny! too bad it doesn't work on windows. okay, i'm outta here. cascade. the clear choice. >>> welcome back. as we gear up for the president's second inauguration, are we better off than we were four years ago? the answer depends on the stats you pick. there are plenty of numbers suggesting that the country is on more solid foot
for the economy. what are you seeing? >> well, 2012 was the year housing really made its statement at its back. it's not back to where it was, but surely we can now say housing has turned the corner so that's a good thing for the economy. when housing does well, everything else seems to do well. quite a multiplier effect. in fact, there's been no recovery in this country of size or stability without housing participating or leading. energy is doing pretty well. we see some manufacturing, but to be honest about it, the recovery is still not as strong as it needs to be. there's still too much uncertainty, and there needs to be more clarify for the economy to take off. >> a really important point because i think businesses are, you know, shaping up and are currently in great shape in terms of cash on balance sheets. >> terrific. >> so they have the potential to put money to work, although that uncertainty factor is really keeping them from doing so. >> in fact, corporate balance sheets have never been better. liquidity, cash, we've grown 300 billion in core deposits in four years. you know, consumer
on that investment? are you benefiting from that? is there enough tax being generated in the economy to offset that and when a disaster occurs are you on the hook for all the infrastructure and everything else that may be required to rebuild that community? and isha return on that exposure greater than what your payoff would he? now the taxpayer, the answer unfortunately is too often now. we have subsidized risk to a point where as long as no extreme event occurs, it seems okay. but when the extreme event occurs you are now exposed to much greater costs without necessarily generating revenue or other societal benefits offsetting that risk. now, through the 70s and 80s and early '90s, when a lot of growth was taking place in growing coastal areas and other areas very few storms were occurring. the frequency was down so the illusion was i a pitcher for 3030 years and this never happened. the problem with climate and weather is 30-year cycles are like an eyelash in understanding how these systems work. notts talking about any other issues and now we find ourselves in this increased activity and y
, housing is better, you want to be invested in this economy for the next three to five years because that's where you're going to make money. you're not going to make money in fixed income. you're not going to make money focusing on only pure dividend stocks that are 5%, 6%. you're going to have to have companies that can grow the top lines, that have the ability to shepherd capital and really can take the consumer that is now in a better shape than the u.s. and now is getting better overseas to grow your company. >> okay. so you're talking mostly about multi national companies or -- >> multi nationals and secular growth companies. >> both? >> both, absolutely. but you want good companies with management that are just not going to sit there and do financial engineering and say, oh, we borrowed more money and because our cost of debt is lower than our dividend and we can do that. that party is over. that game is done. you really want the companies that i think if you want to beat the market and we think actually the market is going to have -- is going to grow, gives you a look at how much
things that came out today were that to drags on the economy, housing and employment. they are getting better and consistently better. the confidence will be there. here is the big fear. we have a climate of worry. we are at a plateau because the next is what is going on in washington d.c. that scares me more than anything have seen in this market in years. liz: i no d.c. is an issue. it is something we cannot control, sadly enough, but we can serve to control whether we are jumping into this market. people are still sitting on the sidelines holding their worries, missing rallies like this. >> that only cause more confusion because we are not really breaking out on explosive volume, which is also another concern. with the breakup like this you want to see volume ramp up, which would indicate to you that people really have a change of mindset. at 400 million shares, you are not really breaking out yet. some people -- liz: composite track. that would be the highest. let me get to the energy complex. everything is higher right now, jonathan. is this all the very tense and very worrisome s
. the first is to continue to encourage the growth in the economy by extending the life for review and approval for permit applications for large projects from 360 to 720 days, clarifying the time limitations for permit processing so that it begins when the permit is provided to dbi for review and the clock stops when it is returned to planning for a design change that is required by the building department. extending the period of time for dbi to notify a project sponsor before a permit is canceled, and extending the time for completing all the work authorized by a building permit. the second objective was to correct a publication error for the fees associated with 3r reports. this error occurred during the last code cycle when it was published. and the final is to reduce fees for copying plans to the levels consistent with the sunshine task force's recommendations. this legislation was unanimously approved by the building inspection commission in march of 2012. i'll be glad to answer any questions. >> i see no questions -- supervisor cohen. >> hi, good afternoon, pam. i have a
of the economy is largely unchanged. the central bank released its economic report on wednesday. the report is based o surveys in 12 federal reserve districts. manufacturing activities are mixed while employment conditions are relatively unchanged from the previous report in november. holiday sales were modestly higher than in 2011 although the figures were below expectations. the overall sassessment is generally positive. it says firms doing business in europe are those in the defense sector might delay hiring workers and that consumers may reduce spending. it's time to get a check on the markets now. let's take a look at the currency market. the dollar is trading above the mid 88 yen level. tokyo traders are seeing a halt in the yen's gain. this follows recent cautious remarks from cabinet ministers about a weak yen. the euro is higher against the yen. tokyo share prices are higher today. the nikkei average is at 106,872 106,872. market participants say the yen's pull back prompted investors to buy up export related issues. taking a look at other markets. south korea's kospi trading high
the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not at bargaining chip. >> on tuesday following a meeting that took place in the west wing, president obama surmounted a huge hurdle in the nomination of chuck hagel to be defense secretary when influential new york senator chuck schumer gave it his blessing. yesterday the president forcefully and emotionally laid out his proposals to curb gun violence and challenged americans to confront the representatives and stand up to the nra. let's listen. >> ask them what's more important, doing whatever it takes to get an "a" grade from the gun lobby that funds their campaigns or giving parents some peace of mind when they drop their child off for first grade. >> joining me is former rnc chair and machines contributor michael steele and democratic strategist bob shrum. shrummy, i have to start with you. it sounds like you got into the president's ear. i know you haven't that i know of, but he's starting to charge this campaign for the second
started a food truck with friends. and i chose local vendors to support our local economy. as a district 10 to this and i committed my time to community involvement as well as an advisory committee member with the mission ymca, and supervisor avalos's district. we sponsor a food and wine event, any golf tournament in santa cruz; we raised over 1,000,000 dollars of those events. i volunteered to junior achievement of the network for teaching entrepreneurship where i spent time with high school children discussing finance and business. i have become engaged in local event to discuss the future of the district and i recognize their once-in-a-lifetime opportunity facing district 10 and the eastern neighborhoods to create iconic and lasting projects for the overall community. insum , i have a strong desire to serve the committee in his capacity and put the time to understand the issues. whether it is transit improvements to meet the need of rapid development, affordable housing, pdr< more open space, city services, i know tough decisions will have to be made by the board of supervisors and ci
newsom's energetic leadership the economy grew and the city became an economic center for biotech and clean tech. gach newsom has been a trail blaitzer on combating homelessness and protecting the government. in 2007 he was re-elected as mayor with more than 70 percent of the vote, which is unheard of. please welcome our lieutenant governor, gavin newsom. >> my role was to get tom to speak. i'm just going to jump in because i want to keep you all on time. you've got an agenda packet and i'm going to be held accountable if you don't meet it. roslyn, let's pick up on tom's passion. he told me a couple points that are important, that is the consciousness awareness, this growing consciousness around bullying. and it's a question i guess that requires, has bullying gotten worse or have we gotten better to begin to recognize it? >> hard to know. tom and the president refer to as far too often as a rite of passage. we certainly are seeing evidence in ways that i don't recall, the levels of violence, the vitriolic violence, it's not just coming from the back of the school, it's c
, or the economy or what have you, we definitely saw the decrease in payed venues and their crowds. the crowd out on the street was as big as it has been in the past years and perhaps even slightly bigger, but definitely the industry suffered slightly this year. i, again, whether it be weather or the economy and i am not sure. over all, new year's eve went over well and we did not have any major incidents and minor incidents here and there and some violence, but again, nothing that we have seen in the past years, so that is the very good news. i worked that evening with both members of sfpd and hitting a lot of different venue and we were able to cover a lot of the city that night. so having said that, over all, just beyond new year's eve, our holidays in particular were pretty quiet as far as the industry goes. businesses were opened, but, we were not seeing some of the crowds that we see in the past years. hold on. then i was wrong there were no corrective actions we. have been investigating a few things, the mile cafe, a crepe store and kt and those are kind of the big ones that we are looking
economy. new hampshire should be and can be an economic leader. we already are a place with low taxes, low unemployment and stronger than average economy. we want to make it even stronger. >> sam bennett, with the female governor and four female senators in congress women, what can new hampshire do that other states can't do? what kind of power does it give to the women of the state? >> this is a story we're particularly proud of, women's campaign fund, we were her first national endorsement we grabbed the rest of the nation kicking and screaming to endorse her. she would have been terrific to make an amazing governor. one might ask why is new hampshire the state that has this all woman delegation? there are research that shows perfectly the story that women run for office because they want to change the world. men run for office because they see pathway to power. new hampshire has the lowest compensated state legislature in the country. my state, pennsylvania, ranked 47th in the country among all women in elected office. highest paid state legislature. this is correlation between what the
in d.c., and worse, they think washington is hurting the economy. the whole poll is on our website right now. nbcnews.com. >> boy, those numbers didn't have much far further to go. chuck todd in our d.c. newsroom tonight. thanks for all of it. >>> weather is making news tonight. a very large winter storm system has left quite a bit of snow on the ground from the deep south, and we're talking about mississippi, alabama, rare snow on the ground there, to the mid atlantic tonight. systems moving fast, but the snowfall where it's falling is heavy and intense. there is one storm-related death to report. thousands are without power. you're looking at a live picture of the scene outside richmond right now. they could get up to 6 inches there tonight with a rain/snow mix, hazardous travel expected tonight, right up through the carolinas. it will all move out to sea by tomorrow. it will nick the jersey shore and at least long island on its way out. >>> still ahead as our broadcast continues, the mystery coming ashore. the tsunami trash that floated halfway around the world. tonight, what st
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